OSP Seizes GH¢638.8m in Assets: East Legon Mansion, Rolls-Royce and Ferrari Among Items Listed

The Office of the Special Prosecutor (OSP) has reported seizing or freezing assets worth GH¢638.8 million between 2023 and 2026 as part of its investigations into suspected corruption and related offences.

The anti-corruption agency also disclosed that it had recovered approximately GH¢43.4 million through investigations and other enforcement actions between 2022 and 2026.

The figures, published on the OSP’s social media platforms on October 27, 2026, cover various categories of assets, including properties, luxury vehicles, bank accounts and cash equivalents.

The largest seizure was recorded in 2023, when assets valued at GH¢516 million were linked to investigations into a counterfeit currency syndicate.

According to the OSP, the amount represented the equivalent of US$40 million in counterfeit currency, calculated using an exchange rate of GH¢12.90 to US$1.

In 2025, the agency seized or froze assets estimated at GH¢102.7 million. Real estate, comprising land, residential properties and gas stations, accounted for the largest portion, valued at GH¢96.58 million.

Vehicles, including cars, sport utility vehicles, trucks, tankers and buses, were estimated at GH¢2.32 million, while cash and cash equivalents accounted for GH¢3.83 million.

The OSP’s figures for 2026 showed that assets worth approximately GH¢20.12 million had been seized or frozen.

These included real estate valued at GH¢6.5 million, luxury vehicles estimated at GH¢8.66 million and frozen bank accounts containing about GH¢4.96 million.

Among the properties and vehicles listed for 2026 was a four-bedroom house at East Legon valued at GH¢6.5 million.

The agency also identified a Rolls-Royce Mansory Convertible estimated at GH¢3.1 million and a Ferrari 458 Speciale valued at GH¢2.2 million.

Other vehicles included a Mercedes-Benz bullion van, a Fiat Ducato bullion van, a Range Rover Velar and a Mercedes-Benz GLE 450.

Beyond the seizure and freezing of assets, the OSP reported recovering approximately GH¢43.4 million between 2022 and 2026 through investigations into suspected corruption and related offences.

The highest annual recovery was recorded in 2025, when the agency recovered GH¢31.21 million.

This was followed by GH¢8.27 million in 2026.

The 2025 recoveries included GH¢22.38 million linked to investigations involving the Minerals Income Investment Fund (MIIF) and GH¢8.52 million recovered from investigations into the diversion of petroleum products.

Additional amounts recovered that year included GH¢206,000 paid under a plea agreement involving Thomas Andy Owusu and GH¢106,318.95 in payments arising from a plea agreement connected to a payroll audit investigation.

In 2026, the OSP recorded GH¢4.93 million recovered through investigations involving AGO/MGO pre-mix fuel, alongside GH¢2.8 million linked to investigations into the diversion of petroleum products.

The agency also reported recovering GH¢549,578.10 through the management of seized assets during the same period.

Other recoveries included GH¢2.85 million obtained through payroll investigations in 2024 and GH¢1.07 million recovered through customs advance ruling processes in 2022.

Source: https://mobile.ghanaweb.com/GhanaHomePage/NewsArchive/Luxury-Cars-Properties-Cash-OSP-s-seized-frozen-assets-hit-GH-638-8m-2058580

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